Shares of Murphy Oil Corp. (NYSE:MUR) traded up 4.1% on Friday . The company traded as high as $27.69 and last traded at $27.67, with a volume of 3,358,494 shares traded. The stock had previously closed at $26.57.

A number of analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Murphy Oil Corp. from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research note on Friday, April 1st. JPMorgan Chase & Co. reiterated a “hold” rating on shares of Murphy Oil Corp. in a research note on Thursday, June 30th. Raymond James Financial Inc. upgraded shares of Murphy Oil Corp. from an “underperform” rating to a “market perform” rating in a research note on Monday, June 20th. Goldman Sachs Group Inc. raised their target price on shares of Murphy Oil Corp. from $19.00 to $20.00 and gave the stock a “sell” rating in a research note on Thursday, May 5th. Finally, Barclays PLC upgraded shares of Murphy Oil Corp. from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $33.00 to $42.00 in a research note on Wednesday, July 13th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $28.83.

The firm’s market capitalization is $4.72 billion. The firm’s 50-day moving average is $30.30 and its 200-day moving average is $26.10.

Murphy Oil Corp. (NYSE:MUR) last released its quarterly earnings data on Wednesday, July 27th. The company reported ($0.36) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.39) by $0.03. During the same period in the previous year, the company posted ($0.48) earnings per share. Analysts anticipate that Murphy Oil Corp. will post ($1.26) earnings per share for the current fiscal year.

In related news, VP Allan J. Misner sold 7,163 shares of the business’s stock in a transaction dated Tuesday, May 10th. The stock was sold at an average price of $29.39, for a total transaction of $210,520.57. Following the transaction, the vice president now owns 100 shares in the company, valued at approximately $2,939. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP John B. Gardner sold 1,246 shares of the business’s stock in a transaction dated Monday, May 23rd. The shares were sold at an average price of $29.39, for a total value of $36,619.94. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have made changes to their positions in the company. Gulf International Bank UK Ltd increased its position in shares of Murphy Oil Corp. by 1.0% in the fourth quarter. Gulf International Bank UK Ltd now owns 50,267 shares of the company’s stock worth $1,128,000 after buying an additional 500 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Murphy Oil Corp. by 1,615.9% in the fourth quarter. BNP Paribas Arbitrage SA now owns 51,184 shares of the company’s stock worth $1,149,000 after buying an additional 48,201 shares in the last quarter. Suntrust Banks Inc. increased its position in shares of Murphy Oil Corp. by 30.8% in the fourth quarter. Suntrust Banks Inc. now owns 62,678 shares of the company’s stock worth $1,405,000 after buying an additional 14,775 shares in the last quarter. TD Asset Management Inc. increased its position in shares of Murphy Oil Corp. by 1.5% in the fourth quarter. TD Asset Management Inc. now owns 75,128 shares of the company’s stock worth $1,687,000 after buying an additional 1,100 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of Murphy Oil Corp. by 17.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 75,432 shares of the company’s stock worth $1,693,000 after buying an additional 11,264 shares in the last quarter.

Murphy Oil Corporation is an oil and gas exploration and production company. The Company’s exploration and production business explores for and produces crude oil, natural gas and natural gas liquids across the world. The Company’s exploration and production activities are subdivided into four geographic segments, including the United States, Canada, Malaysia and all other countries.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.